Rong Wei Neo

Dec 4, 2024 | spglobal.com | Rong Wei Neo |Anita Nugraha

The Indonesian government has offered six onshore and offshore blocks -- estimated to contain 48 billion barrels of oil equivalent in oil and gas -- in its second bid round of the year, a senior official at the Ministry of Energy and Mineral Resources said late Dec. 3. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. This brings the total number of oil and gas blocks offered to 11 this year, in addition to the in May.

Nov 28, 2024 | spglobal.com | Rong Wei Neo |Analyst Oceana Zhou |Grace Lee

Make Decisions With Conviction For full access to real-time updates, breaking news, analysis, pricing and data visualization subscribe today. Crude Oil | Refined Products | Shipping | Upstream China will slash its clean oil product export tax rebates from 13% to 9% starting December 1, which will likely dampen outflows from Asia's third-largest oil product exporter.

Nov 26, 2024 | spglobal.com | Rong Wei Neo |Analyst Oceana Zhou |Gawoon Phil Vahn

President-elect Donald Trump has pledged to impose new tariffs on all imports from China, Mexico, and Canada when he assumes office in January, a decision that could potentially disrupt trade flows and drive up commodity prices. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.

Nov 20, 2024 | spglobal.com | Rong Wei Neo |Surabhi Sahu

Natural gas will play a key role as a transitional energy source in Southeast Asia, given the high costs and regulatory complexities in adopting renewables, PetroVietnam Exploration Production Corporation (PVEP) said Nov. 19 at OSEA in Singapore. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. "In terms of cost, offshore wind, for example, now is significantly higher than traditional gas-powered electricity," said its CEO Tran Hong Nam.

Nov 11, 2024 | spglobal.com | Rong Wei Neo

Vietnam's Nghi Son Refinery and Petrochemical has sought government approval to import an additional 1.68 million mt (12.3 million barrels) of Kuwaiti crude oil for its 200,000 b/d Nghi Son refinery, as the refinery runs above capacity to meet domestic product demand, sources familiar with the matter said Nov. 8-11. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.